CLPXY (China Longyuan Power Group) Interest Expense : $-459 Mil (TTM As of Sep. 2024)

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What is China Longyuan Power Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Longyuan Power Group's interest expense for the three months ended in Sep. 2024 was $ -119 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-459 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. China Longyuan Power Group's Operating Income for the three months ended in Sep. 2024 was $ 336 Mil. China Longyuan Power Group's Interest Expense for the three months ended in Sep. 2024 was $ -119 Mil. China Longyuan Power Group's Interest Coverage for the quarter that ended in Sep. 2024 was 2.82. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Longyuan Power Group Interest Expense Historical Data

The historical data trend for China Longyuan Power Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Longyuan Power Group Interest Expense Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-482.56

-454.81

-483.68

-502.41

-477.06

China Longyuan Power Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-130.49	-112.66	-116.88	-110.42	-119.10

China Longyuan Power Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-459 Mil.

China Longyuan Power Group (OTCPK:CLPXY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

China Longyuan Power Group's Interest Expense for the three months ended in Sep. 2024 was $-119 Mil. Its Operating Income for the three months ended in Sep. 2024 was $336 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $11,853 Mil.

China Longyuan Power Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	336.097	/	-119.104
	=	2.82

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. China Longyuan Power Group Corp Ltd interest coverage is 3.7, which is low.

China Longyuan Power Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (OTCPK:CLPXY) » Definitions » Interest Expense

Traded in Other Exchanges

CLPXF:USA 00916:Hong Kong 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 27.8 gigawatts as of end-2023. It has wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 78% wind, 5% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

China Longyuan Power Group Headlines

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